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R.C. Olmstead is the best choice for credit unions of all sizes that want
an intuitive, flexible data processing system - backed by the best support in the industry.
For 30 years, R.C. Olmstead has enhanced and supported it's processing system. Today,
all of our clients are using this processing system and find it to be powerful, user friendly, and flexible.
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Our core system is currently
installed in over 130 credit unions around the country. According to data compiled by Callahan & Associates, it is the processing
system used most often by credit unions in the state of Ohio. Our clients know that the core system is powerful, user friendly, and flexible
enough to expand as their membership base and services change.
R.C. Olmstead uses HP servers and operating systems, which provide stability, security, and reliability. As a result, these credit unions have experienced many years of continuous operation. Our hardware and technical support are augmented by dial-up and frame relay lines that connect us to our clients, allowing us to remotely monitor system performance, troubleshoot problems, and send regular system enhancements.
- an ultra-reliable hardware and operating system
- fast, knowledgeable support teams, accessible via telephone, Internet, e-mail
- an ease of use unmatched by any other system
- no processing time constraints
- comprehensive change log and audit reports
- extensive history/record retention
- member notification processing and tracking
- system customization, depending on users' needs
- integrated share and loan charge-off reports
- investment integration
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Management Support
- Relationship pricing
- Custom late fees
- Risk-based pricing
- Projections and analysis reporting
- Marketing system
- Over 75 user access control features
- Disaster recovery testing
- Credit Union application software
- Complete manager reports
Teller Functions
- Automated end-of-day "count cash" screen
- Automated "remove teller" and "transaction deletion" functions
- Integrated money order and travelers check inventory
- 50 shares and loans per account
- Online share and loan history
- Multi-session workstations
- Shared branch support
- Cash dispensers
Electronic Transactions Processing
- Debit and credit cards
- Online electronic payroll deductions
- Online, real-time ATM
- Automated ATM, debit and ACH transaction posting
- Search ACH warehouse
- View and print ACH addendum records
Internet Banking
- Member access to all products
- SecureLink ensures member security
Shares and Drafts Processing
- Deposit check journal
- Draft order tables
- Automated draft clearing
- Check imaging
- Overdraft protection
Certificates of Deposit and Retirement Accounts
- Automated CD processing
- 1098/1099-INT production
Investment Processing
- Integrated investment portfolio management
- Tiered dividends
- Investment tracking
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Loans Processing
- Automated variable interest rate tables
- Automated skip payment processing
- Mortgage, home equity, student loan servicing
- CAMEL ratios
- Collections system
- Personal loan drafts
- Credit Bureau reporting
- Credit scoring
- Custom loan applications
- Online credit bureau history and retrieval
- Custom fees/charges
- Variable loan payments
General Ledger Processing
- Multi-level G/L protection
- Ten-year online G/L history
- Fixed asset/prepaid tracking
- Integrated G/L
- Complete share and loan charge-off processing
- Fixed assets accounting
- Financial report writer
- Internal bill pay process
- Asset/Liability Management
Operations Functions
- Laser forms
- Third-party statement processing
- Combined statements
- In-house statement processing
- Electronic statements
- Laser check printing
- Automated batch processing
- Third-party bill pay
- Complete letter processing and tracking
- Reprinting receipts and reports
- Collateral insurance tracking
- Daily data processing back-up procedures
- PC/network integration
- Custom report generator
- Custom vendor files
- Data match processing
- E-mail and electronic calendar
- Customer support via the Internet
Audit Support
- Regulatory agency reports
- AIRES examination files
- Complete change log and auditing reports
Additional Services
- Supply program
- Re-transmissions
- Audio response
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